Bank Leumi lowers stake in Kenon Holdings to 6.95 pct

June 23, 2016 2:45 PM

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TEL AVIV, June 23 Israel's Bank Leumi sold a 7.08 percent stake in Kenon Holdings for 159 million shekels ($41.6 million) to Ansonia Holdings Singapore, reducing its stake in the holding company to 6.95 percent.

Leumi, Israel's second-largest bank, said on Thursday it sold 3.8 million shares at 42 shekels a share and expects to book a pre-tax gain of 9.5 million shekels from the sale.